Halletts Group Ltd (02786496): administration
- Status
- Administration ended
- Administration began
- 2023-08-02
- Administrators
- Conrad Alan Beighton, Kirsty Swan
- Administrators' firm
- Leonard Curtis
- Formerly
- Halletts Birmingham Ltd; Hallett Silbermann (Birmingham) Limited; Hawkgrange Limited
- Incorporated
- 1993-02-03
- Location
- Birmingham
- Industry
- 49410 Freight transport by road
Why it went into administration
- COVID-19
- Creditor pressure / legal action
- Bad debts / customer insolvency
- Supply chain disruption
From the administrators' statement
The Company was incorporated in 1993, when the business was purchased from a third party by Paul Jolly and traded as a freight and haulage company up until 2021. The haulage side of the business ceased in 2021 and the Company diversified into becoming a supplier of bespoke buildings and converter of steel containers into modern work and home spaces. The directors of the Company are Chris Jolly and Paul Jolly and the shareholder is Chris Jolly. The business operated with 11 full and part time staff (including Chris Jolly) from a modular office space, located in Solihull.
The business traded profitably since its incorporation. However, the business was significantly affected by the Covid-19 pandemic which forced a nationwide lockdown in March 2020 for several months. Following this period, the haulage side of the business ceased to trade, with all heavy goods vehicles in its possession either being sold or returned to the respective hire purchase creditor. The directors advised that the Company could no longer trade viably operating solely in haulage, and that diversification was required in order for the Company to continue.
As a result, the Company began supplying cabins and modular buildings for hire, as well as converting steel containers into modular spaces, for work or personal use by customers. The director advised that the Company was able to continue viably after moving into this sector. However, historical debt had accrued, including the loans provided during the Covid-19 pandemic and debts incurred following the end of the haulage side of the business, which had depleted cash resources. Furthermore, the Company suffered a bad debt in the region of £200,000 when one of its contractors became insolvent in January 2023.
Administrators' statement of proposals (2023-08-26) · Companies House register